Storage

January 4, 2011
LDK Solar, along with its polysilicon manufacturing subsidiary, has signed a definitive agreement with China Development Bank Capital Corporation, Excel Rise Holdings, Prosper East and an investment fund associated with another Chinese bank, where the investors will all subscribe to a collective US$240 million in series A redeemable convertible preferred shares of LDK Silicon & Chemical Technology. The wholly owned subsidiary of LDK Solar, contained in the Cayman Islands, will hold and operate LDK Solar’s polysilicon division once all PRC government approvals for foreign investments have been completed.
December 28, 2010
One month after LDK Solar announced that its total annual production at its Mahong polysilicon plant reached a potential 10,000MT, the company said that it has achieved 3GW of annualized capacity at its wafer plants.
December 24, 2010
PV backsheet supplier Isovoltaic has created a new wholly-owned subsidiary based in Changzhou, China. The subsidiary, Changzhou Isovoltaic Composite Materials will be mainly focusing on customer contact and development in China.
December 24, 2010
GCL-Poly Energy Holdings and Solarfun Power Holdings have mutually entered into a long-term wafer and polysilicon supply contract where GCL-Poly will provide Solarfun with 2,500MW of wafer and polysilicon products from January 2011 until December 2015. Included in the contract signed between the two companies is a price adjustment mechanism.
December 22, 2010
Trina Solar has ordered two GT Solar International DSS450HP crystalline ingot growth systems. The order totaled US$23.8 million and will be incorporated into GT Solar’s backlog for its third quarter fiscal year 2011, which ends January 1, 2011.
December 22, 2010
An unidentified Asian-based solar cell and module manufacturer has placed a two year multi-crystalline wafer sales contract with REC, valued at approximately US$200 million.
December 21, 2010
AMG Advanced Metallurgical Group has bought the intellectual property and manufacturing g assets for BP Solar International’s Mono2 solar casting technology. Furthermore, AMG has also secured a team of scientists and engineers with a background in silicon casting who will be able to continue the research and development with manufacturing operations at BP Solar’s Maryland facility.
December 20, 2010
Starting in 2012, the European market will no longer allow incandescent light bulbs and seeing the necessity to look towards new markets, Emgo, a producer of light bulbs, will see two of its management team members create a new solar glass start-up: Ducatt NV. Seeing the potential of the new company, Capricorn Cleantech Fund (CCF) and LRM have pledged to invest €20 million into the new venture.
December 20, 2010
President Barack Obama’s signing of the tax legislation passed by the U.S. Congress late last week included a holiday gift for the solar industry in the form of a one-year extension of the Department of Treasury Section 1603 “cash grant in lieu of investment tax credit” program. But the Treasury Grant Program reprieve was not the only news out of Washington with solar industry implications, as the Departments of Energy and Interior made several other moves.
December 20, 2010
On December 23, 2010, a significant milestone will be reached at the Thun headquarters of Meyer Burger Wafertec, with the Swiss equipment specialist manufacturing its 1,000th wafer slicing machine of 2010.

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